Comments on: The epistemics of Greek default http://blogs.reuters.com/felix-salmon/2012/02/22/the-epistemics-of-greek-default/ A slice of lime in the soda Thu, 23 May 2013 23:51:59 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Danny_Black http://blogs.reuters.com/felix-salmon/2012/02/22/the-epistemics-of-greek-default/comment-page-1/#comment-36251 Danny_Black Wed, 22 Feb 2012 20:03:14 +0000 http://blogs.reuters.com/felix-salmon/?p=12244#comment-36251 dWj, they will of course sue the bank that they bet with for failing to disclose something irrelevent.... dWj, they will of course sue the bank that they bet with for failing to disclose something irrelevent….

]]> By: dWj http://blogs.reuters.com/felix-salmon/2012/02/22/the-epistemics-of-greek-default/comment-page-1/#comment-36249 dWj Wed, 22 Feb 2012 18:54:40 +0000 http://blogs.reuters.com/felix-salmon/?p=12244#comment-36249 If it suddenly looked as though Greece was, by some technicality, not going to default, and a bunch of hedge funds couldn't meet margin calls caused by this, would that be funny? (Maybe not at the time, but perhaps with time it would be.) If it suddenly looked as though Greece was, by some technicality, not going to default, and a bunch of hedge funds couldn’t meet margin calls caused by this, would that be funny? (Maybe not at the time, but perhaps with time it would be.)

]]> By: Eericsonjr http://blogs.reuters.com/felix-salmon/2012/02/22/the-epistemics-of-greek-default/comment-page-1/#comment-36248 Eericsonjr Wed, 22 Feb 2012 17:40:45 +0000 http://blogs.reuters.com/felix-salmon/?p=12244#comment-36248 Your main point--that Greece is about to default, and that this is not well recognized--is axiomatic. You surround it, however, with a lot of stuff that doesn't quite compute. You say, for example: "First, you need a bank with a very large unhedged CDS exposure to one single name — the kind of position I’ve never seen any bank have." Felix, between these intrepid blog posts, exactly how many banks have you forensically audited? You say, "the market in CDS has been remarkably robust. It certainly withstood the bankruptcy of Lehman without any trouble." Are you sure you're remembering that right, old bean? Your main point–that Greece is about to default, and that this is not well recognized–is axiomatic. You surround it, however, with a lot of stuff that doesn’t quite compute. You say, for example: “First, you need a bank with a very large unhedged CDS exposure to one single name — the kind of position I’ve never seen any bank have.”

Felix, between these intrepid blog posts, exactly how many banks have you forensically audited?

You say, “the market in CDS has been remarkably robust. It certainly withstood the bankruptcy of Lehman without any trouble.”

Are you sure you’re remembering that right, old bean?

]]> By: pessimist2 http://blogs.reuters.com/felix-salmon/2012/02/22/the-epistemics-of-greek-default/comment-page-1/#comment-36244 pessimist2 Wed, 22 Feb 2012 16:36:37 +0000 http://blogs.reuters.com/felix-salmon/?p=12244#comment-36244 "But make no mistake: Ecuador owes €14 billion to its bondholders on March 20." What?? Man I can't believe I lent to Ecuador again. Fool me once, shame on you. Fool me twice, shame on me. “But make no mistake: Ecuador owes €14 billion to its bondholders on March 20.”

What?? Man I can’t believe I lent to Ecuador again. Fool me once, shame on you. Fool me twice, shame on me.

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